Top Investment banks, brokerage companies of India

We have looked at the exchange listed investment and or brokerage companies: companies which either are directly into investment banking companies or provide brokerage services to retail and corporate investors. Based on the market value of these companies, as on Jan 17 2009, we have listed the top in this field along with their market capitalization.

	Market Cap (Rs. Billion)
Religare Enterprises Limited	24.5
Edelweiss Capital	17.9
JM Financial	15.8
India Infoline	13.1
Centrum Capital	11.1
Future Capital	9.9
Motilal Oswal	9.0
Geojit Fin Services	4.9
Indiabulls Securities	4.8
IL & FS Investmart	4.6
Apollo Sindhoori	2.9

Below is some information about these companies as provided on their websites.

Religare Enterprises Limited (REL) is an integrated financial services groups. It offers a diverse services ranging from investment in equities & commodities, wealth management, portfolio management services, personal financial services, insurance broking, investment banking and institutional broking services. The Investment Banking business is offered through Religare Capital Markets Limited (RCML), a wholly owned subsidiary of the Religare Enterprises Limited. It deals in merchant banking, transaction advisory and corporate finance servicing the Corporate, Entrepreneurs and Investors.

Edelweis is one of the leading investment bank of India. It ranked first in Mid-market Private Equity placements 2007 and IPOs in Mid-market segment in 2008. Edelweiss’ operations are broadly divided into Agency and Capital business lines. The Agency business line includes Investment Banking, Broking - both Institutional and HNI, Asset Management and Investment advisory services. The Capital business line includes Lending and Treasury Operations.

JM Financial is an integrated financial services group, offering a wide range of services. It offers research-based investment advisory and equity broking services to corporates, high net-worth individuals and retail investors across a wide range of financial products.

India Infoline Investment Banking offers service rangeing from Merchant Banking and Mergers & Acquisition transactions to Private Equity and High Yield Debt Syndication for both public and private companies.

Centrum is a financial services company in India with a network of over 75 branches operating in India. It has provides debt and equity services to some esteemed corporates.

It offers investment advisory services with domain expertise in private equity and real estate. It claims to be in capital management business which is beyond the traditional banking and brokerage businesses.

Motilal Oswal Financial Services Ltd(MOFSL) is an Indian Investment Banking firm with wide network of brokerage facility. It services include equity broking, commodity broking, distribution of third party products, investment banking and venture capital management. With over 1500 offices and franchisees in about 500 cities it is a well established brand among retail and institutional investors in India.

Geojit is a leading retail broking house of India. It has a network of over 450 branches in India and abroad. It also provides automated online trading services.

Indiabulls Securities Limited is one of the premier capital markets company and has a strong client base. Its brokerage house was assigned the highest rating BQ – 1 by CRISIL.

IL&FS Investsmart Limited is one of the top financial services organizations providing individuals and corporates with customised financial management solutions.

It is a financial services company promoted by Apollo Hospitals Group. It provides Trading facility in Equity and Derivative segment, commodity segment, IPOs, and MFs. It has 700 offices across the country.